Oil prices slide on worries over China economy and higher crude output

SINGAPORE: Oil prices fell by more than $1 on Monday on worries over China's economy after a survey showed growth in factory...

Bitcoin attracts high-profile interest

LONDON: Tesla, Twitter and maybe Amazon: Big tech companies are interested in bitcoin and it could take off again after several weeks...

Amazon faces more than slowing sales growth, needs more warehouses

WASHINGTON: Amazon.com Inc needs to spend billions of dollars to expand its warehouse and delivery system, adding pressure to its shares which...

Unilever rejects boycott movement, CEO tells US-based Jewish groups

TEL AVIV: Coming under fire for Ben & Jerry's decision to stop selling ice cream in Israeli-occupied territories, parent company Unilever sought...

Saudi Arabia to reopen to foreign tourists from August 1

JEDDAH: Saudi Arabia's Ministry of Tourism has announced that the kingdom will open its doors to foreign tourists from August 1 following...

Big Tech booms even as lockdown living wanes

SAN FRANCISCO: Big Tech goliaths like Facebook and Amazon unveiled whopping profits this week, showing their dominance in lockdown lifestyles is on...

Pfizer raises 2021 Covid-19 vaccine sales forecast to $33.5bn

NEW YORK: Pfizer Inc on Wednesday raised its forecast for sales of the COVID-19 vaccine that it developed with Germany's BioNTech by...

Apple says chip shortage reaches iPhone, growth forecast slows

MANHATTAN: In a conference call with investors, Apple executives also said that the global chip shortage had a less severe impact than...

Oil rises towards $75 as US inventory drop counters virus worry

LONDON: Oil rose towards $75 a barrel on Wednesday ahead of an industry report expected to show US crude inventories dropped more...

Amazon eyes cryptocurrency but not poised for Bitcoin

NEW YORK: Amazon on Monday denied a report that the e-commerce giant planned to begin accepting Bitcoin payments by the end of...

Oil inches up as tight supply, vaccinations outweigh virus concerns

MELBOURNE: Oil prices were steady on Tuesday with investors betting tight supply and rising vaccination rates will help offset any impact on...

Heathrow airport urges Britain to open up travel after heavy losses

LONDON: London’s Heathrow Airport urged Britain to open up travel to vaccinated passengers after its recovery fell behind hubs elsewhere in Europe,...

Bitcoin leaps 12pc to test recent peaks, Ether hits 3-week high

NEW YORK: Cryptocurrencies like Bitcoin popped to the top of recent ranges on Monday as short sellers bailed out in the wake...

Europe to boost battery production as electric shift accelerates

PARIS: As electric car sales take off and petrol engines face being phased out by 2035, Europe is looking to develop its...

Coffee froths to new highs as Brazil frost hits crops

LONDON: Coffee prices surged this week to multi-year peaks, extending stellar gains this year after frost damaged crops in the world's biggest...